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Build Canada Homes Launches With $13 Billion, First 4,000 Homes Planned on Federal Land

The new agency pairs federal land with low-cost financing to de-risk housing builds for public-interest groups plus private developers.

Overview

  • Initial projects target about 4,000 factory-built homes across Dartmouth, Longueuil, Ottawa, Toronto, Winnipeg and Edmonton, with construction expected to start next year.
  • Ottawa will fold the Canada Lands Company and its housing-suitable sites into the agency to remove land costs and enable larger mixed‑income developments.
  • Former Toronto deputy mayor Ana Bailão was named CEO, as the entity launches under the Housing Department before becoming standalone.
  • The mandate includes a Buy Canadian procurement push and modern methods such as modular and mass timber to cut timelines and costs.
  • New targeted funding includes a reported $1.5 billion Rental Protection Fund plus roughly $1 billion for transitional and supportive housing, while industry groups welcomed partnerships and B.C. noted no initial sites.